Duplex With Rental Barn And
For Sale
$725,000
Pending
2167-2169 Main Street, Lititz, PA 17543
Four leased components include two residential units, a barn, and a shop in Lititz, Pennsylvania.
Property Size2,148 SF
Days on Market58
Property Features for 2167-2169 Main Street
General Information
Standard status
Pending
Size
2,148 SF
Property subtype
Multi-Family / Fee Simple
Zoning
CC
Occupancy
100%
Additional Details
Gross Income
$72,000
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,400
Amenities
No
No Pool
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 560-8496
Listed By:
Timothy K Shreiner · License #RS187003L
(717) 560-8496
Source:
Compass
Added: Jul 5
Changed: Aug 30
Last Checked: Aug 30 at 11:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Homesale Realty
Investment Insights
Based on property information with market context.
This 2,148-square-foot property combines a farmhouse with two residential units, a barn, and a shop. All four components are currently leased, creating a mixed residential and commercial income configuration. The farmhouse dates to 1900, and the property includes no pool.
The property is located at 2167-2169 Main Street in Lititz, Pennsylvania, within Warwick Township and the Warwick School District. The barn is occupied by a plumbing contractor, while the shop is leased to the current owner, who has expressed interest in remaining. Tenants are responsible for their own electric and heat.
The property is located at 2167-2169 Main Street in Lititz, Pennsylvania, within Warwick Township and the Warwick School District. The barn is occupied by a plumbing contractor, while the shop is leased to the current owner, who has expressed interest in remaining. Tenants are responsible for their own electric and heat.
Key Highlights
- 2,148‑square‑foot property with farmhouse, barn, and shop
- Farmhouse contains 2 residential units
- All 4 property components are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,678
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$533,560
$533.6K
Cap Rate 7%
$381,114
$381.1K
Cap Rate 9%
$296,422
$296.4K
Market Conditions
NOI Build-Up for 2,148 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.4K $21.60/SF
− Vacancy
−$3.7K −$1.73/SF
EGI
$42.7K $19.87/SF
− OpEx
−$16.0K −$7.45/SF
NOI
$26.7K $12.42/SF
Area
Lancaster County, PA
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$533,560
Cap Rate 7%
$381,114
Cap Rate 9%
$296,422
Alternative Uses
Best Use
Mixed Use
$381.1K
$333.5K – $444.6K
NOI $26,678 @ 7.0% cap · market cap 3.68%
Second Best
Multifamily LT 5
$342.8K
$299.9K – $399.9K
NOI $23,993 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$719.8K
$629.8K – $839.8K
NOI $50,387 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Explore this area
Business Placement
Demographics for 17543, PA
45,320
Population
18,762
Households
2.4
Avg Household Size
45
Median Age
40%
College-Educated
93%
High-School Grad
66.0 sq mi
ZIP Area
687
Density / Sq Mi
$94,609
Median Household Income
$53,146
Median Earnings
$1,347
Median Rent
$321,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Four leased components include two residential units, a barn, and a shop in Lititz, Pennsylvania.
Where is this duplex located?
The property is located at 2167-2169 Main Street Lititz, PA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2,148‑square‑foot property with farmhouse, barn, and shop; Farmhouse contains 2 residential units; All 4 property components are currently leased
